RE:Traders bet on one beverage and alcohol stock this holiday “With Constellation Brands, let’s not forget you also get the call option on the cannabis business with Canopy Growth … and that’s an industry that is just looking better and better every single day. I mean, all those stocks are going up,” Tepper said.
Constellation Brands holds a 38% stake in cannabis producer Canopy Growth. Total sales for Canopy are expected to increase 48% for fiscal 2021 ending in March.